India’s overall exports (Merchandise and Services combined) in April-May2021 were valued at USD 98.29 billion. A growth of 56.94 per cent over the same period last year. Overall imports in April-May2021 are estimated to be USD 104.14 billion, a growth of 77.82 per cent over the same period last year. Exports in May 2021 were USD 32.27 billion, as compared to USD 19.05 billion in May 2020, exhibiting a positive growth of 69.35 per cent. In Rupee terms, exports were Rs.2,36,426.16 Crore in May 2021, as compared to Rs.1,44,166.01 Crore in May 2020, registering a positive growth of 64.00 per cent. As compared to May 2019, exports in May 2021 exhibited a positive growth of 8.11 per cent in dollar terms and 13.53 per cent in rupee terms. Petroleum goods, electronic goods and engineering goods are known to be among the commodity groups that have shown a positive growth momentum. Imports in May 2021 were valued at Rs.2,82,453.56 Crore, up by 73.64 per cent in dollar terms and 68.15 per cent in rupee terms over imports of Rs.1,67,977.68 Crore in May 2020. Imports in May 2021 have registered a negative growth of (-)17.42 per cent in dollar terms and (-)13.28 per cent in rupee terms in comparison to May 2019. Cumulative value of imports for the period April-May 2021 were at Rs. 6,22,958.62 Crore, as against Rs.2,98,502.76 Crore during the period April-May 2020, registering a positive growth of 114.31 per cent in dollar terms and a positive growth of 108.69 per cent in rupee terms. Taking merchandise and services together, the overall trade deficit for April-May 2021 is estimated to be USD 5.85 Billion as compared to the surplus of USD 4.06 Billion in April-May 2020.
